DAILY: Vietnamese coffee prices rose by 200 VND on June 23
Friday, June 23,2023AsemconnectVietnam - On Friday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area rose by 200 VND to VND65,800 – 66,500 per kg compared to Yesterday, according to Kinhtedothi.
Gia Nghia of Dak Nong provided the maximum price of VND66,500/kg, while traders in Lam Dong province offered the lowest price of VND65,800/kg. Robusta coffee rose to VND65,800 per kg in Bao Loc, Di Linh, and Lam Ha; to VND 66,200 – VND66,300 per kg in Dak Lak; to VND66,400 – VND66,500 per kg in Dak Nong; to VND66,000 per kg in Kon Tum, and to VND65,900 - VND60,000 per kg in Gia Lai.
The General Department of Vietnam Customs reported preliminary data showing that robusta coffee exports in the first half of June reached 68,744 tonnes (about 1.145 million bags), bringing coffee exports in the first 6.5 months to a total of 934,863 tonnes(about 15.58 million bags), down 1.36% over the same period last year.
In the first 5 months of 2023, Vietnam exported 866,121 tonnes of coffee, 3.9% lower thadn the same period last year. In particular, in May 2023, the export volume of coffee was only recorded at 149,667 tonnes, down 8.5% from the previous month and the second-lowest monthly export level since the beginning of the year.
Coffee production in the year 2022/23 is estimated to decrease by 10-15%, according to the Vietnam Coffee Association (Vicofa). For a coffee-producing power like Vietnam, the loss of 10-15% of output is huge, which will affect the supply-demand as well as the global coffee price.
Following are domestic Robusta coffee prices on June 23, in Vietnam's Central Highlands:
District/City |
Purchase price (VND/kg) |
Vs, June 22 |
LAM DONG |
|
|
— Bao Loc ROBUSTA |
65,800 |
+200 |
— Di Linh ROBUSTA |
65,800 |
+200 |
— Lam Ha ROBUSTA |
65,800 |
+200 |
DAK LAK |
|
|
— Cư M'gar ROBUSTA |
66,300 |
+200 |
— Ea H'leo ROBUSTA |
66,200 |
+200 |
— Buon Ho ROBUSTA |
66,200 |
+200 |
GIA LAI |
|
|
— Chư Prong ROBUSTA |
66,000 |
+200 |
— Pleiku ROBUSTA |
65,900 |
+200 |
— La Grai ROBUSTA |
65,900 |
+200 |
ĐAK NONG |
|
|
— Gia Nghia ROBUSTA |
66,500 |
+200 |
— Đak R'lap ROBUSTA |
66,400 |
+200 |
KON TUM |
|
|
— Đak Ha ROBUSTA |
66,000 |
+200 |
Source: Vitic/Kinhtedothi
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